CTI Names Kevin Packard as Chief Financial Officer.Business Editors LAYTON, Utah--(BUSINESS WIRE)--March 21, 2000 Today, Computerized Thermal Imaging, Inc. (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. )(OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COII) named Kevin L. Packard as the company's Chief Financial Officer. Mr. Packard will manage CTI's financial resources, internal accounting function and all of its SEC and regulatory filings. "I am pleased to welcome Kevin as a key member of the CTI management team," stated David Packer, company president. "CTI has entered a period of explosive growth. Now more than ever we must effectively manage our resources and plan for continued growth while maintaining full compliance with accounting and reporting standards. Kevin's years of accounting and management experience naturally complement our executive team's expertise. His first order of business will be the successful completion of our application for listing on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on exchange." Mr. Packard, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , joins CTI from PricewaterhouseCoopers. His career also includes extensive experience as a Treasurer and Chief Financial Officer and five years with Deloitte and Touche. CTI is seeking FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval for the use of the Computerized Thermal Imaging System as an adjunctive diagnostic test to the mammogram mammogram /mam·mo·gram/ (mam´o-gram) a radiograph of the breast. mam·mo·gram n. An x-ray image of the breast produced by mammography. and clinical examination for the detection of breast cancer. The test is simple, painless and involves no radiation, breast compression, electrodes, electrical current or skin contact. CTI also recently announced new industrial medicine applications for its technology. Computerized Thermal Imaging, Inc. is in business to improve the quality of life through superior diagnostics. More information about CTI can be found on the Internet at www.cti-net.com or by calling CTI Public Affairs at 801-926-1113. Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In addition to the factors set forth above, other important factors that could cause actual results to differ materially include, but are not limited to technical risks associated with new technology development, government regulatory approvals or continued working capital. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company's SEC filings. Copies of these filings may be obtained by contacting the Company or the SEC. |
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